How Sindh will survive economically, politically, and culturally in the next 100 years

The article of New York Times pertains to extremely important development that could impact how Sindh survives economically, politically and culturally in next 100 years. Any thoughtless support or irrational opposition to the upcoming actions of the federal or provincial governments could be harmful to the interests of Sindh. In the immediate future, educated Sindhis should get prepared to collect data, analyze data, and take well thought-out and rational actions to safeguard long-term interests of Sindh. The news about the sale of substantial interests in the Qadirpur Gas field in Sindh and other assets of Sindh (the second largest Gas field Pakistan) has been in industry publications for couple of weeks. The following provides links and brief extracts from those news items:

I sincerely appeal to all List subscribers to be vigilant and share verifiable facts, concerns, and ideas on how and what educated Sindhis in Sindh and overseas can play a role at this crucial hour to safeguard the interests of Sindh.
— — — —

Pakistan was yesterday mulling all options, including handing over management control to the buyer, to privatize Oil and Gas Development Company Limited, producing more than one-thirds of domestic crude oil. A meeting of the members of the Board of Privatization Commission (PC) decided the Financial Adviser for Oil and Gas Development Company Limited (OGDCL) would be asked to work out all the options for the company’s privatisation. These options will be sale of shares, strategic sale with management control and assets sale including Qadirpur Gas Field on fast track basis taking into account the observance of all steps strictly in accordance with the legal provisions. Qadirpur Gas Field has gas reserves of about 3.5 tcf, worth $3 billion to $5 billion, and is 75 per cent owned by the OGDCL.

*OGDC is the largest exploration and production company in oil and gas sector

By Sajid Chaudhry
ISLAMABAD: Privatisation Commission (PC) Board approved the privatisation of Oil and Gas Development Company Limited (OGDCL) till June 30, 2009 and decided to invite fresh Expressions of Interests (EoIs) for the privatisation of Jamshoro Power Company Limited (JPCL) for its privatisation within the current fiscal year. A meeting of the members of the Board of Privatisation Commission was held here on Tuesday under the chairmanship of Syed Naveed Qamar, Federal Minister for Privatisation, Investment and Finance.

Govt may sell out Qadirpur gas field
By IRFAN MALIK August 26, 2008
KARACHI – The government is likely to sell out the country’s second largest gas field, Qadirpur, having gas reserves of about 3.5 tcf worth $3to 5 billion and an announcement in this regard may appear on Tuesday, The Nation learnt.
Moreover, several speculations were circulating at the Karachi stock market that government had already made a deal to sell the field with a Dubai-based company and very soon announce the legal frame work of the expected sale of the field. It was also being speculated that the Qadirpur gas field may be sold at a throw away price.

4. http://www.dawn. com/2008/ 09/09/top11. htmAltaf opposes plan to sell Sindh assetsBy Our Staff Reporter
KARACHI, Sept 8: Muttahida Qaumi Movement chief Altaf Hussain has expressed serious concern over what he called a plan to sell national assets of Sindh to raise money to meet the shortfall in the country’s balance of payments and trade deficit.

President-elect Asif Ali Zardari is expected to visit China next week, after oath-taking on Tuesday, to seek its greater involvement in Pakistan’s energy sector.

“Qadirpur gas field privatisation, Thar coal-based electric power project, hydel power projects, and a few others are on the agenda,” a well-placed source disclosed to Dawn on Monday from Islamabad.

Mr Zardari’s visit to China is a part of a multi-pronged strategy to seek assistance from close friends to take out Pakistan from the current deep economic crisis. “We need immediately a few billion dollars to meet foreign payment obligations and our friends’ help to build up our fast depleting foreign exchange reserves,” Ikhtiar Baig, a leading denim manufacturer and exporter and member of thee PPP’s Policy Planning Cell s….

— — — —-

Pakistan Considers Asset Sales to Bolster Economy Courtesy and Thanks: The New York Times
By Heather Timmons
September 9, 2008
Pakistan plans to sell valuable energy assets, beginning with a major gas field, as it tries to reap billions of dollars from deals with investors in industries like banking and farming.

The move comes as Asif Ali Zardari, the widower of former Prime Minister Benazir Bhutto, is stepping in as president.

Because of a hefty oil bill and a slowing economy, Pakistan is struggling under its biggest budget deficit in a decade, $21 billion; inflation that hit a 30-year high, 24.3 percent, in July; and fast-rising unemployment that is projected to reach 6.6 percent in 2009. Government leaders are eager to raise money, quickly.

“The government is going through all their funding options,” a banker advising the Pakistani government said. Financial advisers to the government spoke on the condition of anonymity so as not to alienate their client.

The Qadirpur gas field in Pakistan, a natural gas reserve of 2.9 trillion cubic feet in the Indus River flood plain, may be one of the first big-ticket sales. The field, the second-largest in the country, is valued at about $3 billion.

Bids for the field, about 260 miles northeast of Karachi, may be submitted in the next week or so, bankers say. Likely bidders include foreign companies already involved in Pakistan’s energy industry, like Kuwaiti state corporations and OMV, a private Austrian energy company.

“They’re testing the market with an auction,” said an energy banker who asked to remain anonymous because he was pricing the deal for a client.

The selling of the Qadirpur field could be controversial because it is considered a strategic asset. Pakistan imports more than three-quarters of its petroleum and is struggling to become less dependent on imports. But a person close to the deal said there were no guarantees that the field would be sold. He characterized the bid solicitation as an informal process. He asked not to be named because he was not authorized to speak publicly about the deal.

Some investors are questioning the wisdom of Pakistan’s selling valuable assets and are wondering whether sales will be conducted transparently and fairly.

But there is no question that the country needs to raise money, analysts said.

Pakistan’s economic situation is “a result of rising commodity and food prices, exacerbated by a lot of pre-election spending by the previous government,” said Gareth Price, head of the Asia Program at Chatham House, a research center in London, referring to the general elections held in February.

In an effort to win votes, the previous government, led by Gen. Pervez Musharraf, kept subsidies high on food, electricity and oil, helping drive up the budget deficit.

The sale of the Qadirpur field is part of a full-scale review of the biggest energy company in Pakistan, Oil and Gas Development, which owns 75 percent of Qadirpur. The review is being led by Merrill Lynch.

Pakistan’s privatization commission said in late August that it also planned to offer stakes in Kot Addu Power on international stock exchanges this year and to privatize Hazara Phosphate Fertilizers. It invited bidders for 51 percent of Jamshoro Power, a long-discussed privatization deal. Salt and coal mines are also scheduled to be privatized.

The list of state assets for sale may not necessarily be followed by deals, analysts warned. “Talk of investing huge sums of money doesn’t always materialize, because people are put off by the political machinations” in Pakistan, Mr. Price said.

Pakistan’s “economic curse” is that the ruling elite — civil servants, politicians and the military — have worked in their own interest, not that of the wider population, limiting how much capital the country can raise, he said.

One possible source of new investment is the Middle East.

“There is a cultural and long-term affinity between the two regions,” said Youssef Nasr, the chief executive of HSBC in the Middle East. Saudi Arabia and Abu Dhabi, in particular, have been strong supporters of Pakistan.

Investors from the Middle East have already bought stakes in telecommunications, banking and industrial companies in Pakistan and have been pleased with the results, he said.

One area of cooperation between Pakistan and the Middle East may be agriculture. The arid climate of the Middle East, coupled with rising food prices, has ignited fears about food security. Pakistan, meanwhile, has swaths of arable land that is lying fallow. Government officials on both sides are exploring links that could lead to joint farming ventures, Mr. Nasr said.

“It’s not going to be a huge industry, by international standards,” he predicted, but it could be large enough to make a difference to Pakistan’s economy.

The Pakistani government plans to raise money in ways besides asset sales and joint ventures. Pakistan’s central bank said on Thursday that it would sell bonds compliant with Islamic law in the domestic market and that the World Bank would “fast track” $1 billion in planned investments in the country.

Attempts to privatize and sell some state-owned assets have proved contentious. The government’s plans to sell Pakistan Steel to a group of investors in 2006 were overturned, in part because the agreed-upon price was deemed to be about a third of the $1 billion value. Other sales of equity stakes have gone through with less controversy. In June 2007, United Bank Limited of Pakistan raised $650 million on the London Stock Exchange.

One bright spot for the county’s economy has been remittances, or money transferred home by Pakistanis working outside the country, which are on the rise, Mr. Price said. The government is lobbying to get more permits for workers to travel to the Persian Gulf, from which most remittances are sent.

2 thoughts on “How Sindh will survive economically, politically, and culturally in the next 100 years”

Any asset which gives profit to the country, should never be privatised,rather employees should be given more incentives to improve the productivity to enhance the profit and revenue for the country.The government should emphasise to appoint right , competent and honest top level professional in such orgnisations.

The sale of Qadirpur Gas Field is injustice with pakistan , peoples of pakistan and also espacillay with sindh .this is national assets . OGDCL is a backbone of national economy of pakistan . The estimated amount of its reserviors is an Rs.15 Billions Dollars (excluding the price of Plant , Land and other store assets available at Qadir Pur) if this field privitized the whole nation will suffer from gas prices and shortage. The prices of gas will increase on monthly basis if this sector handed over to private sector . it will be harmfull for defence point of view

By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although IAOJ does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule. Cancel reply

Enter your comment here...

Fill in your details below or click an icon to log in:

Email (required)(Address never made public)

Name (required)

Website

You are commenting using your WordPress.com account.
( Log Out /
Change )

SUFI POET SHAH ABDUL LATIF

When the world was still to be born
When Adam was still to receive his form
Then my relationship began
When I heard the Lord’s voice
A voice sweet and clear
I said “YES” with my heart
And formed a bond with land (Sindh)
I love
When all of us were one, My bond
then begun.
– Secular Sindhi Sufi (mystic) poet of Peace, Shah Abdul Latif (1689 – 1752)
* * * * *

Popularity Site Meter

Roman Sindhi Dictionary

Contact us;

indus_canada@yahoo.comINDUS ASIA ONLINE JOURNAL

OUR BELIEFS:

We believe that we can change the world. Yes, we do.
WE BELIEVE IN WOMEN RIGHTS- Woman is an Independent Human being to take decision on her life.
We believe in making the world a safer place to live in & spread love & peace.
We have;
No any profit motives.
No government intervention and influence.
No prejudice & jealousy to others. Our Slogan is: All Nations, All Races, All Creeds have same dreams and same needs.

This slideshow requires JavaScript.

M. A. Jinnah’s Speech

"You are free; you are free to go to your temples, you are free to go to your mosques or to any other place of worship in this State of Pakistan. You may belong to any religion or caste or creed – that has nothing to do with the business of the State." - Founder of Pakistan - M. A. Jinnah.

“Minorities to whichever community they may belong, will be safeguarded. Their religion of faith or belief will be secure. There will be no interference of any kind with their freedom of worship. They will have their protection with regard to their religion, faith, their life, and their culture. They will be, in all respects, the equal citizens of Pakistan without any distinction of caste or creed.” ~ M. A. JINNAH, July 14, 1947, at a press conference in New Delhi.

"Education is the most powerful weapon we can use to change the world." ~ Nelson Mandela

Monday to Friday we have new interesting postings

About us

``In books I have traveled, not only to other worlds, but into my own. I learned who I was and who I wanted to be, what I might aspire to, and what I might dare to dream about my world and myself. But I felt that I, too, existed much of the time in a different dimension from everyone else I knew. There was waking, and there was sleeping. And then there were books, a kind of parallel universe in which anything might happen and frequently did, a universe in which I might be a newcomer but was never really a stranger. My real, true world. My perfect island.`` -(ANNA QUINDLEN)
In the past I have been jack of all trades- Now my activity is bloging. My off time after my office/job/ is spent mostly with my family [wife & two children (son & daughter). I believe in positive mental attitude and dedication. I am living in Canada and my destiny is hope. "
... and the Truth will set you free." - John 8:32
Editor-Moderator, IAOJ

Voltaire

"I disapprove of what you say, but I will defend to the death your right to say it" ~ Voltaire

Disclaimer

You are using this web page just for viewing purpose only. All users are using this blog at their own risk and agree not hold "IAOJ" liable for any thing resulting from visiting of this blog or any other blog maintained by IAOJ."IAOJ" is not responsible for any content linked to or refered to. All videos, Live Tvs, blogs or videos links point to content hosted on third party websites or we are using third party links. "IOAJ" does not accept responsibility for content hosted on other websites.
"IAOJ" acts as personal Journal, blog or diary . Under no circumstances shall "IAOJ" be responsible for anything or otherwise whatsoever.
The views & opinions expressed on this blog are in no way representative of the views or opinions of the blog.

Follow Blog via Email

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 441 other followers

Indus Roman Sindhi Script रोमन सिंधी लिपि رومن سنڌي اسڪرپٽ

Indus Roman Sindhi is same as Sindhi, the only difference is script used. Through Indus Roman Sindhi Script anyone can read and write the Sindhi language through English alphabet.

Name of Excellence in alternative & borderless journalism.Together we stitch the world & make a difference. Leading today for tomorrow. Sindh lives here

Bhalee karay aaya (Welcome at IAOJ)

Indus Asia Online Journal is a moderate or a progressive blog or you can call a liberal blog, which focuses on the thoughts and to discuss on socio economic political and geo-political conditions of the world.
However, “IAOJ” encourages publishing about current affairs, human rights, analysis on issues, multicultural and community activities, history, life experiences, sharing photos, famous personalities, & jokes etc.

We don’t support any party & we post opinion articles supporting both left & right wing for awareness & understanding of the issues . In this way we want spark debate & discussion. Indus Asia Online Journal is not here to push any particular political agenda or blindly support any party.

We believe strength lies in dedication and team work.

For us silence is no longer a solution towards our social & political issues. When politics decides your future! You should decide your politics!

“IAOJ” brings you briefs on geo-politics from around the world. We gather information and insights from multiple sources and presents to you to quench your Thirst for right perspective with right information at right time.

Disclaimer

You are using this web page just for viewing purpose only. All users are using this blog at their own risk and agree not hold "IAOJ" liable for any thing resulting from visiting of this blog or any other blog maintained by IAOJ."IAOJ" is not responsible for any content linked to or refered to. All videos, Live Tvs, blogs or videos links point to content hosted on third party websites or we are using third party links. "IOAJ" does not accept responsibility for content hosted on other websites.
"IAOJ" acts as personal Journal, blog or diary . Under no circumstances shall "IAOJ" be responsible for anything or otherwise whatsoever.
The views & opinions expressed on this blog are in no way representative of the views or opinions of the blog.
All-information we may publish here sincerely with little editing, for the reasons to improve the quality of discussion, while giving the maximum room for freedom of expression, clarity & space and it deemed reliable but not guaranteed and should be independently verified.Health Issues
Articles on health issues are not intended to treat, diagnose or prescribe a cure for any health problem. The information contained herein is in no way to be considered as a substitute for your own inner guidance or consultation with a duly licensed health- care professional.
I am not an expert on this or any other issues. I am a citizen journalist. My views on this and other blogs are just my personal views and they could be wrong.
The material on this blog is just to create awareness, debate, dialogue, interaction and understanding in people on different issues of politics, economics, human rights, environmental, social justice, democracy, Science, culture, history and different philosophies of the world without any profit basis.

We believe in humanity, diversity and fairness and we are not against any nation, religion, race, colour or country. And also we believe in a manner full debate, pluralism and tolerance. We have no pretension nor illusions but the motivation to see our world as a better place.Indus Asia Online Journal, iaoj, is a public forum of the oppressed people, communities, nations and it provides opportunity to its users and readers to share their views with community /public at large. Therefore, IAOJ is not responsible for the contents, we receive information from several unidentified sources including e-groups, facebook, twitter, internet and e-mails. Neither the email address nor the name of the sender verified.

SAVE INDUS RIVER

HOW COME BAGLIHAR DAM WRONG & KALABAGH DAM RIGHT? “WHEN INDIA DIVERTS PAKISTAN’S WATER, IT IS A TRAVESTY OF JUSTICE UNDER INTERNATIONAL RIVER LAW, WHEN PUNJAB DOES THE SAME TO SINDH, IT IS DEEMED NECESSARY FOR THE DEVELOPMENT OF PAKISTAN.”.- Humaira Rahman, a Sindhi-Canadian environmentalist.

"IF YOU WANT TO KILL RIVER BUILDING DAMS IS THE BEST WAY TO DO IT." - CANADIAN DOCUMENTARY MAKER MICHAEL BUCKLEY.

UNIVERSAL DECLARATION OF HUMAN RIGHTS

- All human beings are born free and equal in dignity and rights.
- Every one has the right to freedom of opinion & expression this right includes freedom to hold opinions without interference & to seek, receive & impart information and ideas through any media & regardless of frontiers ...

Rabindranath Tagore

Where the mind is without fear and the head is held high;
Where knowledge is free;
Where the world has not been broken up into fragments
by narrow domestic walls;
Where the words come out from the depth of truth;
Where tireless striving stretches its arms towards perfection;
Where the clear stream of reason has not lost its way
into the dreary desert sand of dead habit;
Where the mind is led forward by Thee into ever-widening
thought and action--
Into that heaven of freedom, my Father,
let my country awake. ~ Rabindranath Tagore

The process of change

- [You cannot expect change to happen overnight. The process of change is slow and gradual. It is a work in progress all the time. It happens through legislation, it happens through social transformation, attitude change, and mindset change. So it is indeed a work in progress all the time. You have to keep working on it, without worrying too much to see the outcome in your lifetime....Kaifi Azmi]
- [Change can come in either of two important ways: start behaving positively or stop behaving negatively- Dr. Phill]
- [Freedom cannot exist without discipline, self-discipline, and rights cannot exist without duties. Those who do not observe their duties do not deserve their rights. - Oriana Fallaci.]

Amar Fayaz Buriro – “Sky’s The Limit”

Amar Fayaz

Amar has endeavoured to bring this latest technology to the service of major Pakistani languages such as Sindhi & urdu. He realized that, these languages of his country faced formidable challenges due to non-compatibility with browsers designed especially for the handheld devices such as tablets and cellphones. One of the major issues so far as Urdu was concerned was the use of the traditionally preferred Nastaleeq style on the web. Finally he was able to create the first Web based Nastaleeq font “Amar Nastaleeq”, which is a lightweight font that allows robust and reliable conversion to various embeddable formats for use across major OS’s, browsers and devices. Meanwhile, he also worked at localizing the world’s leading CMS Joomla for Urdu and Sindhi. Today he is developer of more than 50 multilingual & complex websites (including this) which use advanced PHP programming. He also found that majority of the programmers and web developers in our country use nulled versions, cracked software and pirated scripts. This unfortunately is the major cause why most of the websites get hacked and the database management has security issues. Deviating from this practice, he chose to use neat and clean programming and licensed scripts.
Read more about Amar Fayaz » Click Here

The Earth

Our planet doesn't come with a spare. We all have a choice we can continue to drain natural resources while creating more and more pollution or we can make a change we can.. And until we find another planet Earth.

Tao Te Ching (4th cent. BCE)

Weapons are the tools of violence;
all decent men detest them.

Weapons are the tools of fear;
a decent man will avoid them
except in the direst necessity
and, if compelled, will use them
only with the utmost restraint.
Peace is his highest value.
If the peace has been shattered,
how can he be content?
His enemies are not demons,
but human beings like himself.
He doesn't wish them personal harm.
Nor does he rejoice in victory.
How could he rejoice in victory
and delight in the slaughter of men?

He enters a battle gravely,
with sorrow and with great compassion,
as if he were attending a funeral.
--Tao Te Ching (4th cent. BCE)